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it's been decided and nancy pelosi is only bothering the president. where he gets the idea that we can raise revenue without raising the rates and have that acceptable, i have no clue. but nancy pelosi and the president are reading from the same page. >> so how confident are you a deal is going to get done and, if so, when? >> well, a deal has to be done. what kind of a deal is going to be done? first of all, this guy is not going to fall by the end of the year. it's how much do we really accomplish instead of putting everything into next year. we can't do reform between now and the end of the year. that's where most of the problems are going to exist. if we're going to improve our involvement here, we can't do it this year. acting in an emergency situation if we cooperate and everybody gives a little bit to get us past this, we can and will do a job. >> let me ask you this because what i think a lot of voters hear is not so much we're going to do something to keep us off the fiscal cliff now so we can get the important details done later, they hear t
it's been decided and nancy pelosi is only bothering the president. where he gets the idea that we can raise revenue without raising the rates and have that acceptable, i have no clue. but nancy pelosi and the president are reading from the same page. >> so how confident are you a deal is going to get done and, if so, when? >> well, a deal has to be done. what kind of a deal is going to be done? first of all, this guy is not going to fall by the end of the year. it's how much do we...
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Nov 20, 2012
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if that was the thing with nancy pelosi, i bet they're going to play this war on women thing. president obama saying you're going to have to come after me if you're trying to hold her out as some stalking horse on this. i think it will be hard for them to get her through. but i do think republicans better be prepared for what they're going to do with which this is unfair to the damsel in distress, she's just the sacrificial lamb. >> brian: the president caused himself more grief with his explanation. why didn't you have her represent your administration on benghazi? >> the funny thing is, the white house sent her out, okay? well, why did you send her out? i say to all the feminists out there, why aren't you standing up and saying why did you use her? if that's what happened, you used her knowing that she would have perhaps plausible denyability. no feminist is talking about that. >> steve: we've been talking for a couple of days about this situation in santa monica, for 60 years, they've had these nativity scenes on the site of the pacific. now because last year so many atheis
if that was the thing with nancy pelosi, i bet they're going to play this war on women thing. president obama saying you're going to have to come after me if you're trying to hold her out as some stalking horse on this. i think it will be hard for them to get her through. but i do think republicans better be prepared for what they're going to do with which this is unfair to the damsel in distress, she's just the sacrificial lamb. >> brian: the president caused himself more grief with his...
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Nov 20, 2012
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he won by several points against a war hero and got 256 democrats led by nancy pelosi in the senate and 60 democrats in the senate -- super majorities in both houses. i and otheres saw the likelihood the republicans will lose another three or four senate seats. there were no democrats we comeht were -- might not back then you had 2010. the republicans took the house with the rating -- with the reagan republican majority. which is not much more than gingrich had. and strengthened in the senate, and not to filibuster on anything he wanted to. and a weakened president because people voted against him based on his agenda today. what the democrats and republicans each hoped out of 2012 was, republicans thought they would finish this off and we did a straight line from 2008 to 2010 and now in 2012 we win the presidency and the senate. democrats thought the republican house was just a fluke. this was just a tea party thing, they will be swept out with the tide. almost all kickback -- cameback so we have these competing narratives. obama wins with a shrunken market. anybody else who won a secon
he won by several points against a war hero and got 256 democrats led by nancy pelosi in the senate and 60 democrats in the senate -- super majorities in both houses. i and otheres saw the likelihood the republicans will lose another three or four senate seats. there were no democrats we comeht were -- might not back then you had 2010. the republicans took the house with the rating -- with the reagan republican majority. which is not much more than gingrich had. and strengthened in the senate,...
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Nov 20, 2012
11/12
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CNBC
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i think that former speaker nancy pelosi may have topped that this weekend when she answered no to a question about whether there could be a deal that just caps deductions for the wealthy but doesn't raise tax rates for them. now maybe possible -- no. flat out no. until pelosi's compromise killer, i put the senate minority leader in a class by himself in the obstructionist camp. now, of course, one can argue that senator patty merit, the fourth ranking senate democrat is the most out there with her hey, let's go over the fiscal cliff comments in order to force republicans to the table. she's a champion idea that wants more over the cliff than republicans will fold. again, no harm, no foul. if mary doesn't change her tune, she's the most likely candidate to be named to the "mad money" wall of shame fiscal cliff annex. there are other parts of the cliff that will give you huge layoffs, particularly in the defense industry. these jobs wouldn't be switched back like they're electric lights in your home. power goes out, they stay out. unless you think the defense budget is wildly overinfl
i think that former speaker nancy pelosi may have topped that this weekend when she answered no to a question about whether there could be a deal that just caps deductions for the wealthy but doesn't raise tax rates for them. now maybe possible -- no. flat out no. until pelosi's compromise killer, i put the senate minority leader in a class by himself in the obstructionist camp. now, of course, one can argue that senator patty merit, the fourth ranking senate democrat is the most out there with...
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Nov 19, 2012
11/12
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nancy pelosi said we hope to get this wrapped up by christmas. one of the others said early december is when it should be done. shortly after thanksgiving somebody else said. so, i think we're lacking details, lacking commitments. we'll have to keep with the skeptics going. >> gene, what do you think? do you care about the structure of the deal? some would say have you to solve entitlements or the bond market is going to punish the country and it has to be dealt with? or do you think the stock market cares about getting something, anything done, before the end. year? >> on an immediate basis, no doubt. it cares about getting something done, something on the table. for the longevity of the upside, yes, i think it is concerned about what measures are really put in place, what the bipartisan cooperation really looks like in the end. >> rick, do you agree? >> i think in the near term any type of conclusion to this is going to be a positive for equities. don't confuse that for whatever deal is struck, how it affects long-term economic growth. ultimate
nancy pelosi said we hope to get this wrapped up by christmas. one of the others said early december is when it should be done. shortly after thanksgiving somebody else said. so, i think we're lacking details, lacking commitments. we'll have to keep with the skeptics going. >> gene, what do you think? do you care about the structure of the deal? some would say have you to solve entitlements or the bond market is going to punish the country and it has to be dealt with? or do you think the...
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Nov 19, 2012
11/12
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nancy pelosi drawing a fine the sand on tax hikes. kevin mccarthy with his take on that. bill: were there warning signs that claimed the lives of american heroes? >> something had to happen to them here. >> my brother is in the marines. it's devastating what happened. or even 20 years? call imperial structured settlements. the experts at imperial can convert your long-term payout into a lump sum of cash today. we find the best, sweetest crafor red lobster that we can find. [ male annncer ] it's time for crabfest at red lobster! this year, try 1 of 5 entrees. like our new snow crab and garlic shrimp. a half-pound of tender crab paired with savory shrimp. just 12.99. or dig into our hearty crab and roasted garlic seafood bake. all with salad and unlimited cheddar bay biscuits. so much to choose from, so little time. so ce into red lobster for crabfest today and sea food differently. bill: we see these waterspouts off the coast of miami, florida. check this out. this may look like a special effect for a hollywood movie. it's a video showing a giant funnel of water that looks
nancy pelosi drawing a fine the sand on tax hikes. kevin mccarthy with his take on that. bill: were there warning signs that claimed the lives of american heroes? >> something had to happen to them here. >> my brother is in the marines. it's devastating what happened. or even 20 years? call imperial structured settlements. the experts at imperial can convert your long-term payout into a lump sum of cash today. we find the best, sweetest crafor red lobster that we can find. [ male...
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Nov 19, 2012
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now house speaker nancy pelosi says she won't budge when it comes to tax cuts for the wealthy. that puts her at odds with john boehner. >> could you accept a deal that does not include tax rate increases for the wealthy? we've seen talk about a possible compromise that would leave rates the same but tax deductions for high income earners. is that something that's acceptable? >> no. >> not at all. >> the president made it clear in his campaign that there are not enough resources. what you described is a formula and a blueprint for hampering a future. you cannot go forward -- you have to cut some investments. if you cut too many, you are hampering growth, you are hampering education and investments in the future. >> even thousands of miles away it appears president obama is still focused on negotiations. while touring a royal monastery with secretary of state clinton the president was overheard mentioning the budget talks to a monk. the president later clarified his comments at a news conference. >> i always believe in prayer. i believe in prayer when i go to church back home and
now house speaker nancy pelosi says she won't budge when it comes to tax cuts for the wealthy. that puts her at odds with john boehner. >> could you accept a deal that does not include tax rate increases for the wealthy? we've seen talk about a possible compromise that would leave rates the same but tax deductions for high income earners. is that something that's acceptable? >> no. >> not at all. >> the president made it clear in his campaign that there are not enough...
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Nov 18, 2012
11/12
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house minority leader nancy pelosi said she won't cape deal without a tax rate increase for the weptiest americans but --wealthiest americans but added there's a sense of urgency that makes her think an agreement is on the horizon. >> the elements for an agreement are there. time is of the essence and the quick deer it the more confidence we instill and the by the better he for the economy and american people. >> reporter: republicans senatorrubio said simply that the political branch in dc created the fiscal cliff and it's an example of a dysfunctional process. in washington peter doocy fox news. >>> mont gol rit county he is -- montgomery county executive wants a million dollars to research a proposed rapid funding system it is after a week he said it was not financially workable and sayse says it's not a-- and he says it's not affordable but wants to use the money to analyze three groups. >>> soldiers with post- traumatic stress disorder may need extra help and for sop a -- some of them an app could be the key to recovery. >> reporter: retired army staff sergeant brian sullivan is not
house minority leader nancy pelosi said she won't cape deal without a tax rate increase for the weptiest americans but --wealthiest americans but added there's a sense of urgency that makes her think an agreement is on the horizon. >> the elements for an agreement are there. time is of the essence and the quick deer it the more confidence we instill and the by the better he for the economy and american people. >> reporter: republicans senatorrubio said simply that the political...
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Nov 18, 2012
11/12
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but nancy pelosi says it must include tax hikes for the wealthy. we have the latest. >> reporter: shannon, the house minority leader, nancy pelosi, sits at the negotiates ing table with the leaders, trying to steer the country away from the fiscal cliff. she says he will not accept a deal that does not include tax rate increases for the wealthiest americans. but she also said she thinks negotiators have enough of a sense of urgenc tow get a deal done by the middle of december. >> we are all grownups. we have a responsibility to the american people. the elements for an agreement are there. time is of the essence, the quicker we do tthe more confidence we instill, the better it is for the economy and the american people. >> reporter: republicans, too, have expressed optimism that the fiscal cliff can be avoided and are open to signing legislation that includes new sources of revenue. but the president wants to raise most of that new money with $1.6 trillion over a decade. republicans are not likely to go along with that. this is why. >> there certain
but nancy pelosi says it must include tax hikes for the wealthy. we have the latest. >> reporter: shannon, the house minority leader, nancy pelosi, sits at the negotiates ing table with the leaders, trying to steer the country away from the fiscal cliff. she says he will not accept a deal that does not include tax rate increases for the wealthiest americans. but she also said she thinks negotiators have enough of a sense of urgenc tow get a deal done by the middle of december. >> we...
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Nov 18, 2012
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but don't start with nancy pelosi making demands for raising tax rates. let's work through all the issues. i agree, what's at stake is dramatic, it's the economy of the american people. >> eric: quickly, do you think we will have a deal by the end of year? >> i am getting more dubious. but i hope so. >> eric: margie, how about you? >> viheard some republicans sound like they want to come to the table. not everyone. not matt, with all due respect. but i do think that we -- i feel more optimistic when i am watching the postr post poll. >> eric: we have $16 trillion in debt. it's just only getting bigger. thargs for joining us. >> thank you. >> eric: jamie? >> jamie: the fiscal cliff. how does it affect you, your kid, your family and college tuition rates? a lot. we are going to tell what you you need to know and how you can protect yourself. that's next in the take-charge consumer protection segment. >> eric: violence continues to escalate between israel and homas. 24 hours to go. what is the role of the united states of america? the president has been spea
but don't start with nancy pelosi making demands for raising tax rates. let's work through all the issues. i agree, what's at stake is dramatic, it's the economy of the american people. >> eric: quickly, do you think we will have a deal by the end of year? >> i am getting more dubious. but i hope so. >> eric: margie, how about you? >> viheard some republicans sound like they want to come to the table. not everyone. not matt, with all due respect. but i do think that we...
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Nov 18, 2012
11/12
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that's what nancy pelosi talked about. that's what speaker john boehner talked about, constructive, but there's also a lot of urgency. now, nancy pelosi, we have a lot more of this interview, a fascinating interview, told me she thought they could work out this deal in mid-december. i asked her, of course, look, we've heard optimism before and this went nowhere. but there is that urgency now. americans are sick of this. this is the second time around. >> and so overnight we saw -- we saw this video of david petraeus' alleged mistress, paula broadwell, his biographer walking with her husband. it's the first time we've seen the two of them since this scandal broke. so let me ask you about the petraeus affair, which i know you've been following so closely. where does this go now? what in your view is likely to be the next shoe to drop? >> well, i think what we've learned this week is this is not over. i think a week ago when we heard david petraeus say he was resigning because he had an extramarital affair, we thought it migh
that's what nancy pelosi talked about. that's what speaker john boehner talked about, constructive, but there's also a lot of urgency. now, nancy pelosi, we have a lot more of this interview, a fascinating interview, told me she thought they could work out this deal in mid-december. i asked her, of course, look, we've heard optimism before and this went nowhere. but there is that urgency now. americans are sick of this. this is the second time around. >> and so overnight we saw -- we saw...
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Nov 18, 2012
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everything is going to be affected by this and we've been saying it since the canaan -- nancy pelosi said she had to read the darn thing. >> i know your criticism is they didn't read it before they passed it, but one of the big criticisms here is that there was no cost control in the law, so heree are. >> well, it's going to be that way. health care costs are rising everywhere. it's a universal problem. the thing is the people are going to try to find ways to get around this in the sense that it's going to cost them more and if they can find ways, they'll do it. you got 2200 pages of regulation that you're right, nobody has read. the people who administratorring it haven't read it. they're beginning to read it. we don't know what the ultimate cost is going to be. they're going to be taxes that come out of this, all kinds of other things that happen. in the meantime, if you hire over -- this is what is considered a small business -- if there are 50 people or less, you are subject to one thing. if you're hiring re than 50 people, you are subject to something else. if those people work
everything is going to be affected by this and we've been saying it since the canaan -- nancy pelosi said she had to read the darn thing. >> i know your criticism is they didn't read it before they passed it, but one of the big criticisms here is that there was no cost control in the law, so heree are. >> well, it's going to be that way. health care costs are rising everywhere. it's a universal problem. the thing is the people are going to try to find ways to get around this in the...
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we have something more important. >> nancy pelosi seen earlier this week: surrounded by other women in congress making it known she will run to stay on as democratic leader in the house. so was it a senior moment or wishful thinking? >> i'll go with wishful anying. it's good news for those in the media who like to have nancy
we have something more important. >> nancy pelosi seen earlier this week: surrounded by other women in congress making it known she will run to stay on as democratic leader in the house. so was it a senior moment or wishful thinking? >> i'll go with wishful anying. it's good news for those in the media who like to have nancy
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Nov 17, 2012
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next on news watch, an interesting moment from nancy pelosi. pelosi. >> gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. do you have the coverage you need? open enrollment ends friday, december 7th. so now's the time to get on a path that could be right for you... with unitedhealthcare medicare solutions and plans including aarp medicarecomplete, insured through unitedhealthcare. call today to enroll. these medicare advantage plans can combine parts a and b, your hospital and doctor coverage... with part d prescription drug coverage, and extra benefits... all in one complete plan... for a $0 monthly premium. ... art b. other benefits can include 100% coverage for an annual physical and immunizations, vision and hearing coverage -- and prescriptions as low as $2... at pharmacies and retail locations like these. ♪ don't wait. let's get you on the right path. call today to enroll in a plan from unitedhealthcare, like aarp medicarecomplete. roo. >> yesterday, we did not have a majority but w
next on news watch, an interesting moment from nancy pelosi. pelosi. >> gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. do you have the coverage you need? open enrollment ends friday, december 7th. so now's the time to get on a path that could be right for you... with unitedhealthcare medicare solutions and plans including aarp medicarecomplete, insured through unitedhealthcare. call today to enroll. these...
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Nov 17, 2012
11/12
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CNN
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you can see how the market reacted just yesterday when you saw nancy pelosi out there. you saw john boehner out there saying we are hopeful we can get a deal done. and the market had a positive reaction to that. yet it lost that upside throughout the day, teetered back and forth between positive and negative territory. finally, closing the day out positive, so perhaps that suggests that maybe we are a little bit closer. but here's the thing, randi, they've got to get something done. they've got to solve this issue. because if not, the consequences are severe. >> but you listen to some people, and they suggest that fears of fallen off the cliff are overblown. what are the real consequences here? >> the real consequences are another recession. i mean, i can tell you every ceo that i'm talking to right now says i'm not making major decisions. i'm waiting. i'm standing by the sidelines. i can't hire a lot of people, i can't invest in a lot of infrastructure because i don't know what the landscape is going to be in the next 45 days. i don't know what the landscape is going t
you can see how the market reacted just yesterday when you saw nancy pelosi out there. you saw john boehner out there saying we are hopeful we can get a deal done. and the market had a positive reaction to that. yet it lost that upside throughout the day, teetered back and forth between positive and negative territory. finally, closing the day out positive, so perhaps that suggests that maybe we are a little bit closer. but here's the thing, randi, they've got to get something done. they've got...
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Nov 17, 2012
11/12
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which means in order for it to pass, nancy pelosi has to come over and knock on your door. what are your red lines on this? >> i suppose i'll have a number of red lines. number one, not a nickel in reductions and cost of living increases, social security, not a nickel in reductions to benefits to medicare and medicaid. those are probably the most primary red lines. then i would want to see -- >> that's interesting. >> i would want to see -- where you draw the red line, i don't know. i don't want to see more cuts in discretionary spending, i don't want to see increases to the military. i don't want to see revenue -- revenues, so-called, that will impact the middle class, like eliminating state and local taxes. that's a very important one. some of the proposals that are on the table now, they came from romney. they came from democrats saying great idea. let's cap deductions at 35,000 or $40,000. that will, in a high tax rate like you are, that will really almost eliminate to a large extent, deductibility, state and local taxes. which, in turn, will put more pressure on state
which means in order for it to pass, nancy pelosi has to come over and knock on your door. what are your red lines on this? >> i suppose i'll have a number of red lines. number one, not a nickel in reductions and cost of living increases, social security, not a nickel in reductions to benefits to medicare and medicaid. those are probably the most primary red lines. then i would want to see -- >> that's interesting. >> i would want to see -- where you draw the red line, i don't...
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Nov 17, 2012
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host: nancy pelosi announcing she will return as the house minority leader, one of the ones at the white house just today that you probably saw. also talking with reporters after the meeting. here she talks about her focus that she had going into the meeting. [video clip] >> the speaker spoke about a framework going into next year. i was focusing on how to send a message of confidence to consumers in the markets in the short term to. we should have a goal in terms of how much deficit reduction we should have. we should have a deadline before christmas. we should scare some milestones of success so confidence can build as we reach our solutions. if we do not reach an agreement, not only will we miss an opportunity to lift the spirits and confidence in our country, we will have an economic downturn that must be avoided. we understand our responsibility there. we understand it has to be about cuts and revenue. it has to be about growth. it has to be about the future. as we cut investments and as we talk about revenue, we have to do so in a way that promotes growth and supports the future. i
host: nancy pelosi announcing she will return as the house minority leader, one of the ones at the white house just today that you probably saw. also talking with reporters after the meeting. here she talks about her focus that she had going into the meeting. [video clip] >> the speaker spoke about a framework going into next year. i was focusing on how to send a message of confidence to consumers in the markets in the short term to. we should have a goal in terms of how much deficit...
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Nov 17, 2012
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house minority leader nancy pelosi says no tax hike, no deal. >> close lop holes far too little money. and it could be they have said they want it to be revenue neutral. if it's going to bring in revenue. the president has been very clear that the higher income people have to pay their fair share. >> republicans argue now ♪ time to raise taxes on anyone if lawmakers don't reach a deal, hundreds of billions of dollars in tax increases and spending cuts go into effect january 1st. >> in new york, it apparently pays to be dead. you heard me. audit of the state's medicaid program from march of 2006, to february 2011, found that $1.9 million was coughed up for hundreds of people that were no longer alive. one person received more than $25,000 a year for seven years after he had died. that's a good business. in all, the audit found about $26.8 million in improper payments made by the program. people all over the country expressing their anger for obama care with their love of pizza. the group rebooting america organizing pappa johns appreciation day. that sounds familiar. it was meant to
house minority leader nancy pelosi says no tax hike, no deal. >> close lop holes far too little money. and it could be they have said they want it to be revenue neutral. if it's going to bring in revenue. the president has been very clear that the higher income people have to pay their fair share. >> republicans argue now ♪ time to raise taxes on anyone if lawmakers don't reach a deal, hundreds of billions of dollars in tax increases and spending cuts go into effect january 1st....
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Nov 17, 2012
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house minority leader nancy pelosi said no one at this meeting broached any specific numbers for the overall deal. >> i think it would be good if we did something in a $4 trillion category of deficit reduction, which is similar to the grand bargain that was discussed last year and so that would be a standard that i would have, but i don't want to give you the impression that that was the goal. maybe we could do more. >> senate minority leader mitch mcconnell said the republicans are willing to look at enhanced revenue collection, but only if what he called the real problem, entitlement spending, is also on the table. >> harris: james, we did get our first indications of the timetable for a possible deal today. >> that's true. the congressional leaders said their aim is to try to get to the president's desk some outline of a deal by the week after thanksgiving. >> i outlined a framework of the deal with reforming our tax code and reforming our spending. and i believe that the framework that i've outlined in our meeting today is consistent with the president's call for a fair and balan
house minority leader nancy pelosi said no one at this meeting broached any specific numbers for the overall deal. >> i think it would be good if we did something in a $4 trillion category of deficit reduction, which is similar to the grand bargain that was discussed last year and so that would be a standard that i would have, but i don't want to give you the impression that that was the goal. maybe we could do more. >> senate minority leader mitch mcconnell said the republicans are...
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Nov 16, 2012
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pelosi said the goal is to get it done before christmas. we should be so lucky. >> we should be so lucky. holidays are coming up. it is a beautiful back grdrop b you look a little chilly. >> it is a little cold. >> brianna keilar, thank you. >>> what do fiscal cliff talks mean for your money? for your 401(k)? wall street investors might get nervous if talks aren't wrapped up quickly. i want to bring in time magazine's assistant managing editor, rana faruhar. you say some key people are worried next about what is coming up with stocks and bonds, why is that? >> a lot of the top investors in country see that the market has been down. there are major worries still about the fiscal cliff. i wish i could be as optimistic as some, but frankly i'm becoming a little bit worried. i think the issue of tax hikes for the rich in particular is going to be very politically contentious and there are worries we may not make that interviewer deadline and, in fact, if we go over it and stay over it for a few months, we could see the u.s. go back into recessi
pelosi said the goal is to get it done before christmas. we should be so lucky. >> we should be so lucky. holidays are coming up. it is a beautiful back grdrop b you look a little chilly. >> it is a little cold. >> brianna keilar, thank you. >>> what do fiscal cliff talks mean for your money? for your 401(k)? wall street investors might get nervous if talks aren't wrapped up quickly. i want to bring in time magazine's assistant managing editor, rana faruhar. you say...
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. >> reporter: house minority leader nancy pelosi says congress wants to show a message of confidence to the markets and she said they should aim to strike a deal on the fiscal cliff by christmas. the special lasted just over an hour. president obama said nothing explicit about reining in entitlement spending. instead the chief executive spoke about approaching the deficit in a balanced way and talked about long-term impediments to growth. >> i think we are all aware that we have some urgent business to do. we have got to make sure that taxes don't go up on middle class families and our economy remains strong that we are creating jobs and that's an agenda democrats and republicans and independents, people all across the country share. >> reporter: republican leaders gave no indication they are willing to entertain the idea that the president wants them to, namely the raising of tax rates on some particular categories of income earners. the top republican told reporters he believes the dilemma isn't because we tax too little, but because we spend too much. >> we fully understand that y
. >> reporter: house minority leader nancy pelosi says congress wants to show a message of confidence to the markets and she said they should aim to strike a deal on the fiscal cliff by christmas. the special lasted just over an hour. president obama said nothing explicit about reining in entitlement spending. instead the chief executive spoke about approaching the deficit in a balanced way and talked about long-term impediments to growth. >> i think we are all aware that we have...
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let's listen to house minority leader nancy pelosi. >> lifting the spirits and confidence in our country we will have an economic downturn that must be avoided. we understand our responsibility there. we understand that it has to be about cuts. it has to be about revenue. it has to be about growth. it has to be about the future. so as we cut investments and as we talk about revenue, we have to do so in a way that promotes growth and supports the future. it was good. i feel confident that a solution may be in sight. mitch? >> i can only echo the observations of the other leaders it was a constructive meeting. we all understand where we are. i can say on the part of my members that we fully understand that you can't save the country until you have entitlement programs that fit the demographics of the changing america in the coming years. we're prepared to put revenue on the table, provided we fix the real problem. even though most of my members, i think without exception believe that we're in the dilemma we're in not because we tax too little but because we spend too much. one final observ
let's listen to house minority leader nancy pelosi. >> lifting the spirits and confidence in our country we will have an economic downturn that must be avoided. we understand our responsibility there. we understand that it has to be about cuts. it has to be about revenue. it has to be about growth. it has to be about the future. so as we cut investments and as we talk about revenue, we have to do so in a way that promotes growth and supports the future. it was good. i feel confident that...
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very congeal yal but nancy pelosi saying we have to have cuts. >> about as good as you can expect at an hour or two. >> especially talking about the possibility of getting this done, not at the very last minute but with some room to spare. i don't know what getting it done but it means having all of the elements of a deal completed or whether it means a mechanism or getting it done in the early part of next year but i think every sign that we just got out of the meeting was positive. >> let's bring in senator kent conrad of north dakota. had a busy day already. thank you for being with us. >> you bet. >> i'm sure you were able to hear senator reid say we won't wait until the last day of december, working through the thanksgiving recess. do you agree with john that this was a good first step? >> extremely positive. i'm even more encouraged. you know, i felt all along there's a good chance to arrive at a framework agreement in this lame duck session, lay out the size of the package, how it would be distributed to how much to cut in spending and raise in revenue. lay all that out before
very congeal yal but nancy pelosi saying we have to have cuts. >> about as good as you can expect at an hour or two. >> especially talking about the possibility of getting this done, not at the very last minute but with some room to spare. i don't know what getting it done but it means having all of the elements of a deal completed or whether it means a mechanism or getting it done in the early part of next year but i think every sign that we just got out of the meeting was...
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majority leader harry reid, mitch mcconnell and house speaker john boehner and nancy pelosi. they're all going to try to make some progress in coming to an agreement in how to increase revenue and decrease spending before the tax cuts expire for everyone and pre-determined spending cuts kick in automatically. the president said he's willing to compromise but not if it means protecting the top 2% from paying their fair share. "huffington post" reports that a coalition of labor groups are mounting a campaign to put pressure on coming to a progressive solution to avoid the fiscal cliff. they would air ads targeting house republicans and some senate democrats they say protect healthcare, education social security and rely heavier on higher tax it was. peter king spoke briefly with report he is this morning following general david petraeus' testimony behind closed doors. did he not give many details stating it's an ongoing investigation. >> they now clearly believe that it did not arise out of a demonstration. it was not spontaneous and it was clear terrorist involvement. >> she's
majority leader harry reid, mitch mcconnell and house speaker john boehner and nancy pelosi. they're all going to try to make some progress in coming to an agreement in how to increase revenue and decrease spending before the tax cuts expire for everyone and pre-determined spending cuts kick in automatically. the president said he's willing to compromise but not if it means protecting the top 2% from paying their fair share. "huffington post" reports that a coalition of labor groups...
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meant to pelosi. a lot of kudos to the president as well, but nancy pelosi played a major role. i could go on and on. that the policy is a prolific and is a wonderful leader. -- nancy pelosi is a prolific and wonderful leader. host: thank you so much for joining us today. that is our show for the "washington journal." we will take you now live to the house floor. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] chaplain, father conroy. chaplain conroy: let us pray. eternal god, we give you thanks for giving us another day. we come to the end of a week during which some members of this people's house have come to complete their service in the congress and others have come to prepare for their opportunity to serve this great nation. it is a time of tremendous transition, a time thought with trendation and some uncertainty. send your spirit of peace and calm, let all might have confidence in your faithfulness to us and no matter what lies ahead, your grace is abundantly available. now we approach a week during which al
meant to pelosi. a lot of kudos to the president as well, but nancy pelosi played a major role. i could go on and on. that the policy is a prolific and is a wonderful leader. -- nancy pelosi is a prolific and wonderful leader. host: thank you so much for joining us today. that is our show for the "washington journal." we will take you now live to the house floor. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] chaplain,...
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this morning president obama and the four top congressional leaders john boehner, nancy pelosi, harry reid, mitch mcconnell all will begin talks at the white house. cnn's jill dougherty is following those developments for us this morning. she's in our washington, d.c. bureau. good morning, jill. >> hello, soledad. well, this is it. both sides are going to be there. they're looking at the tone. they're looking at the president, what kind of tone will he set? you have to say that they're coming in both sides with their essential positions intact. all, both sides are saying that there is some room for a compromise. so, the essential thing is how do you compromise? if you look at the positions, let's say, of the republicans, and it's most strongly, as i say, relayed by senator mitch mcconnell, he does not, and they do not, want any tax increases. so let's listen to him first. >> and let's be clear, an opening bid of $1.6 trillion of new taxes just isn't serious. it's more than simpson-bowles or any other bipartisan commission has called for. it's been unanimously rejected in the house and
this morning president obama and the four top congressional leaders john boehner, nancy pelosi, harry reid, mitch mcconnell all will begin talks at the white house. cnn's jill dougherty is following those developments for us this morning. she's in our washington, d.c. bureau. good morning, jill. >> hello, soledad. well, this is it. both sides are going to be there. they're looking at the tone. they're looking at the president, what kind of tone will he set? you have to say that they're...
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we heard nancy pelosi, democratic leader say she hopes president obama stands firm. that his campaign pledge was that anybody making more than $250,000 should have their tax rates go up to the bush era tax levels. but it sounds like there is room for negotiation. do you believe that democrats should give up on the $250,000 and say go with a million dollars if that will help strike a deal? >> well, i'm willing to compromise. i'm not that -- interested in going up to a million dollars. although i don't think a person is wealthy at $250,000. but i think that the president has got to work a deal and we've got to be flexible. let me just be very, very clear. if the president came and said that he struck a deal with boehner and mcconnell to go up to a million dollars, i would not be a happy person. however, i would go and have many conversations with myself and talk to myself about the fact that compromise is not necessarily capitulation. and that democracy requires compromise. we've not had democracy in many ways over the past four years because people believe that you kn
we heard nancy pelosi, democratic leader say she hopes president obama stands firm. that his campaign pledge was that anybody making more than $250,000 should have their tax rates go up to the bush era tax levels. but it sounds like there is room for negotiation. do you believe that democrats should give up on the $250,000 and say go with a million dollars if that will help strike a deal? >> well, i'm willing to compromise. i'm not that -- interested in going up to a million dollars....
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boehner and mcconnel and nancy pelosi and harry reed reed. without a deal billions of tax increases go into affect january 1st. and those are your head lines. i would like to be a fly on the wall for that meeting. >> brian: there is shock waves across the markets. coming in way above expectations, remember that explanation. hurricane sandy's fault. everyone gets fired when a hurricane hits? what kind of logic is that. >> a crash scene with a baby girl trapped in the twisted metal. but you haven't seen the hero that jumped inside to save her, he's coming up this hour. [ male announcer ] when was the last time something made your jaw drop? campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. it's a new way to get cash back deals, and it's called bankamerideals! i sign into my online banking... click the "cash back deals tab"... and pick the deals i want. i just use my bank of america debit or credit card when
boehner and mcconnel and nancy pelosi and harry reed reed. without a deal billions of tax increases go into affect january 1st. and those are your head lines. i would like to be a fly on the wall for that meeting. >> brian: there is shock waves across the markets. coming in way above expectations, remember that explanation. hurricane sandy's fault. everyone gets fired when a hurricane hits? what kind of logic is that. >> a crash scene with a baby girl trapped in the twisted metal....
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both senators harry reid and nancy pelosi have opposed that idea in the past. he says the president can get them to budge. >> yeah, the president essentially wants what he calls balance. either you increase revenue or you, you know, decrease the spending or you try to find some type of balance. when he gets into these democratic side, they don't want programs to be cut on the backs of, let's say, the recipients, middle class recipients. here's nancy pelosi and how she explains that. >> whatever adjustments would be made in social security should be there to strengthen social security, not to subsidize a tax cut for the wealthiest people in america and say that's how we balance the budget. the same thing with medicaid and medicare. again, we have said we support a grand bargain. >> grand bargain. so right now, i think you'd have to say the democrats feel that after the election, they have some type of mandate. the republicans obviously don't agree, but the democrats want to strike while the iron is hot. the president certainly wants to come to a deal as quickly
both senators harry reid and nancy pelosi have opposed that idea in the past. he says the president can get them to budge. >> yeah, the president essentially wants what he calls balance. either you increase revenue or you, you know, decrease the spending or you try to find some type of balance. when he gets into these democratic side, they don't want programs to be cut on the backs of, let's say, the recipients, middle class recipients. here's nancy pelosi and how she explains that....